 |
Earlier this year, American Express chief executive Harvey Golub and Citicorp chairman John Reed sat down to discuss a possible sale of Amex to Citicorp. The two men and their lieutenants and advisers talked over joining the US’s largest bank (by market capitalization) with the world’s most famous credit card brand. In doing so they briefly contemplated what would have been the largest-ever M&A transaction. A purchase price for Amex of between $90 and $100 a share – and it would probably be closer to $100 – would imply a $40 billion deal.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
